History
Indosat was established in 1967 as a Foreign Capital Company, and started operations in 1969. In 1980 Indosat became State-Owned Enterprises (SOE) wholly owned by the Government of Indonesia. Until now, Indosat provides cellular services, international telecommunications services and satellite services for broadcasting service providers.
PT Satelit Palapa Indonesia (Satelindo) was established in 1993 under the auspices of PT Indosat. Satelindo in 1994 to operate as a GSM operator. Satelindo establishment as a subsidiary of Indosat makes him the first GSM operator in Indonesia to issue prepaid cards and postpaid Matrix Mentari.
On October 19, 1994 Indosat's shares began trading on the Indonesia Stock Exchange and the New York Stock Exchange.
Indosat is the first company to apply the concept of sharia bonds in 2002. After that, the implementation of sharia Indosat bonds rated AA +. The value of emissions in 2002 amounted to Rp 175,000,000,000.00 with the tenor of five years. In the year 2005 the value of Islamic bonds emission IV Indosat Rp 285,000,000,000.00. After the year of 2002 the implementation of Islamic bonds was followed by other companies.
The Indonesian Government deregulated the telecommunications sector by opening a free-market competition. Thus, TELKOM no longer monopolize the telecommunications Indonesia. In 2001, Indosat established PT Indosat Multi Media Mobile (IM3) and a pioneer of GPRS and multimedia services in Indonesia, and in the same year Indosat has full control of PT Satelit Palapa Indonesia (Satelindo).
At the end of 2002 the Government of Indonesia sold 41.94% shares of Indosat to Singapore Technologies Telemedia Pte. Ltd. Thus, has made Indosat back to Foreign Investment Company. In November 2003, Indosat merger three of its subsidiaries (acquisition) of PT Satelindo, PT IM3, and Bimagraha, and then became one of the major cellular operators in Indonesia
On March 1, 2007 STT sold Indosat shares of 25% in Asia Holdings Pte. Ltd. to Qatar Telecom.
On December 31, 2008, Indosat shares owned by Qatar Telecom QSC (Qtel) indirectly through Indonesia Communications Limited (ICLM) and Indonesia Communications Pte Ltd (ICLS) for 40.81%, while the Government of the Republic of Indonesia and the public have respectively 14.29% and 44.90%.
In 2009 Qtel has a 65% stake in Indosat through a tender offer (having an additional 24.19% shares of series B of the public).
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